Household Saving Rate in South Korea decreased to 34.20 percent in the second quarter of 2022 from 35.70 percent in the first quarter of 2022. source: The Bank of Korea

Personal Savings in South Korea averaged 32.74 percent from 1970 until 2022, reaching an all time high of 42.70 percent in the first quarter of 1988 and a record low of 13.40 percent in the third quarter of 1971. This page provides - South Korea Households Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Household Gross Saving Ratio - values, historical data and charts - was last updated on December of 2022.

Personal Savings in South Korea is expected to be 34.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Household Gross Saving Ratio is projected to trend around 33.50 percent in 2023 and 33.00 percent in 2024, according to our econometric models.

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South Korea Household Gross Saving Ratio

Related Last Previous Unit Reference
Consumer Confidence 86.50 88.80 points Nov 2022
Consumer Spending 234667.40 230440.20 KRW Billion Sep 2022
Disposable Personal Income 2078537.30 1938678.90 KRW Billion Dec 2021
Personal Savings 34.20 35.70 percent Jun 2022
Consumer Credit 1870613.80 1869357.30 KRW Billion Sep 2022
Bank Lending Rate 5.26 4.71 percent Oct 2022
Economic Optimism Index 91.00 96.00 points Nov 2022

South Korea Household Gross Saving Ratio
In South Korea, Households Savings correspond to the income saved during a certain period of time.
Actual Previous Highest Lowest Dates Unit Frequency
34.20 35.70 42.70 13.40 1970 - 2022 percent Quarterly